Question

Salary Paid is type of which account 1Real
2Nominal
3representative personal account
4none of this​

Answer 1

Answer:

Different types of accounts in accounting are Real, Personal and Nominal Account. Real account is then classified in two subcategories – Intangible real account, Tangible real account. Also, three different sub-types of Personal account are Natural, Representative and Artificial. In this article, we will see the 3 golden rules of accounting with examples. Let’s begin.